Legence Corp.
For the period ended Mar 31, 2026. Filed May 14, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 14, 2026
LGN$32.16+15.2%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Changes in Equity
(In thousands, except share amounts)
| Class A Common Stock · Class B Common Stock | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Shares | Amount | Shares | Amount | Additional Paid-in Capital | Accumulated Deficit | Accumulated Other Comprehensive Income (Loss) | Total Legence Stockholders' Equity | Non-controlling Interests | Total Equity | |
| Balance, December 31, 2025 | 63,856,975 | $638 | 41,479,954 | $415 | $701,791 | $(309,949) | $(698) | $392,197 | $396,598 | $788,795 |
| Tax receivable agreement liability and deferred taxes arising from exchanges of Class B Common Stock | — | — | — | — | (5,112) | — | — | (5,112) | — | (5,112) |
| Stock-based compensation for RSUs and stock options | — | — | — | — | 4,025 | — | — | 4,025 | — | 4,025 |
| Issuance of Class A Common Stock for acquisitions | 2,701,003 | 27 | — | — | 106,410 | — | — | 106,437 | — | 106,437 |
| Noncontrolling interest adjustment for changes in proportionate ownership in Legence Holdings LLC and issuances of Class A Common Stock | — | — | — | — | (23,681) | — | (19) | (23,700) | 23,700 | — |
| Exchange of Class B Common Stock to Class A Common Stock | 780,121 | 8 | (780,121) | (8) | — | — | — | — | — | — |
| Contribution from Legence Parent for Series A Interests and Restricted Series C Interests | — | — | — | — | — | — | — | — | 22,825 | 22,825 |
| Contribution from Legence Parent II for Series A Interests | — | — | — | — | 13,565 | — | — | 13,565 | — | 13,565 |
| Other comprehensive income | — | — | — | — | — | — | 1,938 | 1,938 | 1,172 | 3,110 |
| Net income | — | — | — | — | — | 16,094 | — | 16,094 | 1,300 | 17,394 |
| Balance, March 31, 2026 | 67,338,099 | $673 | 40,699,833 | $407 | $796,998 | $(293,855) | $1,221 | $505,444 | $445,595 | $951,039 |
| Member's Equity | Accumulated Deficit | Accumulated Other Comprehensive Income | Total Member's Equity | Non-controlling Interests | Total Equity | |
|---|---|---|---|---|---|---|
| Balance, December 31, 2024 | $443,738 | $(250,169) | $9,111 | $202,680 | $912 | $203,592 |
| Reclassification of vested Legence Parent Series A Interests from liabilities | 33 | — | — | 33 | — | 33 |
| Other comprehensive loss | — | — | (6,214) | (6,214) | — | (6,214) |
| Net (loss) income | — | (21,213) | — | (21,213) | 2,074 | (19,139) |
| Balance, March 31, 2025 | $443,771 | $(271,382) | $2,897 | $175,286 | $2,986 | $178,272 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.